Key comments from Takeovers Panel:
2025-ATP-2.pdfReasons for Decision – Global Lithium Resources Limited [2025] ATP 2 (takeovers.gov.au)We do not accept the submission by GL1 that the unacceptable circumstances are
’continuing’ at least in so far as the allegations of association are concerned.
However, the more we examined the material the less certain we became that the
hurdle test for association cases had been met. We also considered whether the
Alleged Associates’ activities were explicable as examples of shareholder activism
that fell short of association. In our view, much appeared possibly explained as
shareholder activism.
(20min delay)